USD/JPY bears are hungry for a test of 144.00 / 143.50 – by fx_ross USDJPY CPI NorthKorea Fed
that has weighed on the pair. ISM manufacturing index data, which provides a gauge for manufacturing activity in the US, came in lower than expected. The ISM reported a figure of 50.9 for September, lower than the forecasted 52.2. The data is another reason why some observers are moving toward a less hawkish bias from the Fed.
In other events, the yen firmed slightly in early Asia when South Korea's military said that North Korea fired a short-range ballistic missile over Japan flying more than 4,000KM according to NHK and the target appeared to be the Hokkaido area which is Japan's northernmost prefecture and second-largest island. This led to a rare warning issued by Japanese authorities for people to seek shelter.
S.korea president Yoon warns of a 'resolute' response after n.korea's missile launch and says N.korea's reckless nuclear provocations will bring a resolute response from the international community. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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